Thread by @PhilstarNews, Despite being granted emergency power with billions of pesos at his disposal [...]

Despite being granted emergency power with billions of pesos at his disposal and financial aid being provided by the World Bank and Asian Development Bank, Duterte said: “If we really run out of money, I will sell all the property of the government.” https://www.philstar.com/headlines/2020/04/12/2006727/duterte-mulls-selling-government-assets-last-resort

Duterte mulls selling government assets as last resort

President Duterte is eyeing the sale of government assets as a last resort to keep the country afloat as the coronavirus disease 2019 pandemic continues to claim lives and ravage the economy.

https://www.philstar.com/headlines/2020/04/12/2006727/duterte-mulls-selling-government-assets-last-resort

CONTEXT: The World Bank has approved a $500 million loan to support the country’s efforts to control the spread of the coronavirus disease 2019 (COVID-19). https://www.philstar.com/business/2020/04/12/2006642/world-bank-lends-500-million-philippines-covid-efforts

World Bank lends $500 million to Philippines for COVID efforts

The World Bank has approved a $500 million loan to support the country’s efforts to control the spread of the coronavirus disease 2019.

https://www.philstar.com/business/2020/04/12/2006642/world-bank-lends-500-million-philippines-covid-efforts

CONTEXT: In February 2020, Duterte said "We are prepared to handle this public health emergency in case the worst scenario happens." https://twitter.com/PhilstarNews/status/1248132874554863617?s=20

https://twitter.com/PhilstarNews/status/1248132874554863617?s=20

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